The Business Research Company Community and Individual Services Market 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UNITED KINGDOM, Oct. 24, 2022 /EINPresswire.com/ — Public and individual service providers are embracing the latest technology to improve the quality of aged care services offered to senior citizens . They make extensive use of technologies such as wearables and geo-fences. Sensors, voice activation, GPS, Bluetooth, and smartphone monitoring apps help monitor patients cheaply and efficiently. Major companies offering community and individual care devices and solutions include MedMinder, Reminder Noise, Philips Lifeline, GrandCare, iTraq, GreatCall and ClearCare. According to a survey conducted in the United States in November 2019, 25% of adults aged 18-34 use a health app, and 16% of them say they have used one in the past. Ochsner, a leading not-for-profit health care delivery system, uses smartwatches and fitness bands to track older adults with chronic illnesses.
Read more in the Global Communities and Individual Services Market Report
The global community and individual services market size is expected to grow from $1.25 trillion in 2021 to $1.95 trillion in 2026 at a rate of 9.4%. Then, the global community and individual services market share is expected to grow at a CAGR of 9.5% from 2026 and reach $3.08 trillion in 2031.
There is increasing demand from people opting for community stay in nursing homes/group homes, especially in developing countries, which is expected to drive the market growth during the forecast period. This gradual change can be attributed to changes in social patterns, family structures and increasing globalization, which does not allow children or other family members to care for the elderly or people with disabilities/chronic illnesses because they live in different cities or countries. Therefore, people prefer to live in the community, which provides better mental health to the residents. Staying in the community also allows for a safer stay for the elderly/disabled with a professional system to care for them. This is expected to drive the growth of the market during the forecast period.
Major players covered by the global community and individual services industry are the World Food Program, UNICEF, Sanctuary Housing, Food For Poor, Bill & Melinda Gates Foundation.
TBRC’s Community and Individual Services Market Report Segmented by Type Community Food, Housing, Respite Services, Individual and Family Services, By Mode Offline, Online, By Application Food Stamp Program, Disaster Relief Services , adoption services, self-help.
Community and Individual Services Market 2022 – By Type (Community Food, Housing and Assistance Services, Individual and Family Services), By Mode (Offline, Online), By Application (Food Stamp Program, Disaster Relief Services , Adoption Services, Self-Help ), And by Region, Opportunities and Strategies – Global Forecast to 2031 is one of a series of new reports from The Business Research Company that provides an overview of the community and individual services market, a forecast for Global Community and Individual Services Market size and growth for the entire market, Community and Individual Services, Global Market Segments, Geographical Areas, Community and Individual Services, Global Market Trends, Community and Individual Services Market Drivers, Restraints, Top Competitors Revenue, Profiles and market shares.
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